Sunday, August 19, 2012

DailyMarkets.com - SP500 Again Riding The Sigma Bands In August

DailyMarkets.com - SP500 Again Riding The Sigma Bands In August

SP500 Again Riding The Sigma Bands In August

Posted: 19 Aug 2012 07:08 AM PDT

There's an interesting chart phenomenon I've covered in the past and the S&P 500 is currently repeating the pattern.
Let's take a look at the updated Sigma Band (Bollinger Band) chart for the S&P 500 and take a look at two recent examples of a similar pattern to monitor.
Here's the current S&P 500:

What we're seeing is the S&P 500 Daily Chart with Sigma Bands overlaid.
A Sigma Band is just a Standard Deviation Band above and beneath the 20 day average or mean.
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